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FTX Estate Paying Creditors $18 Per SOL While Selling For Up to $100

Published 06/02/2024, 13:57
Updated 06/02/2024, 14:15
FTX Estate Paying Creditors $18 Per SOL While Selling For Up to $100
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Coin Edition -

  • According to Martin Folb, the current FTX handlers need to clarify their handling of the bankruptcy process.

  • Folb believes more funds are circulating within the FTX system than the current managers are paying to affected victims.

  • The influencer noted that FTX managers sold SOL for between $50 and $100 but paid creditors $18 per SOL.

According to Martin Folb, a cryptocurrency influencer who goes by as MartyParty on X (formerly Twitter), the managers of the FTX estate need to provide more clarity on their handling of the bankruptcy process. Folb believes more funds are circulating within the FTX system than the current managers are paying to affected victims.

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